US Says GE Aerospace Can Restart Jet Engine Exports to China - Bloomberg https://t.co/6EOjHiGaP3
US lets GE restart jet engine shipments to China's COMAC, source says: Reuters - CNBC https://t.co/4TSJwpRHNY
The US has agreed to allow GE Aerospace and other American aircraft parts suppliers to resume shipments of jet engines and key components to China, an insider confirmed to Yicai today. Last month, the US had suspended licenses for firms supplying parts used in China’s homegrown https://t.co/vaKfwzM6aN
The U.S. Commerce Department has authorised GE Aerospace to resume exporting jet engines to the Commercial Aircraft Corporation of China, reversing licence suspensions imposed several weeks ago amid escalating trade frictions, according to people familiar with the decision. The clearance applies to LEAP-1C engines, made through a GE-Safran joint venture for COMAC’s C919 narrow-body aircraft, and to GE’s CF34 engines slated for the Chinese manufacturer’s planned C909 regional jet. Industry sources said licences for at least one other U.S. aerospace supplier, and potentially others such as Honeywell and Collins Aerospace, were also restored. Washington’s move follows Beijing’s recent easing of restrictions on rare-earth exports and comes alongside U.S. relaxations on chip-design software and ethane shipments, signalling a tentative thaw in bilateral trade relations.